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[Breaking] Monami Surges in Early Trading, Triggering VI... Jumps 27% Amid 'Patriotic Buying' Wave

Monami (005360) surged in early trading, triggering the Volatility Indicators Auction (VI). According to reports on the 16th, Monami's VI was triggered at exact

Oseong Kwon
Staff Reporter
2 min read
[Breaking] Monami Surges in Early Trading, Triggering VI... Jumps 27% Amid 'Patriotic Buying' Wave
CBC News

Monami (005360) surged in early trading, triggering the Volatility Indicators Auction (VI).

According to reports on the 16th, Monami's VI was triggered at exactly 9:00 AM and subsequently lifted at 9:02 AM and 19 seconds. As of 9:05 AM on the same day, Monami is trading at 4,375 won, up 930 won (27.00%) from the previous trading day. A strong wave of buying immediately after the market open enabled the stock to reclaim the 4,300 won level in one fell swoop. Previously, the stock had recorded consecutive limit-up gains on the 14th and 15th.

At the same time, the KOSPI fell more than 4% and the KOSDAQ also slipped over 2%, reflecting overall weakness in the domestic stock market. Nevertheless, Monami surged sharply, moving in the exact opposite direction of the broader market. Market analysts attribute this to expectations of so-called 'patriotic buying' stimulating investor sentiment.

However, with volatility having expanded significantly in early trading, investor attention is now focused on whether the stock can sustain its upward momentum going forward.

[※ This article is provided as reference material for investment decisions, and the final responsibility for investment rests with the investor.]

Oseong Kwon
Staff Reporter

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